§ 13F · FUND PROFILE
TANG CAPITAL MANAGEMENT LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · — (13F)Positions · 75Turnover · — · Q4Filed · Feb 17, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$2024.4T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | AUPH | AURINIA PHARMACEUTICALS INC | 11.33M | $180.7T | 8.9% | NEW |
| 2 | GLPG | GALAPAGOS NV | 3.92M | $128.2T | 6.3% | NEW |
| 3 | PTCT | PTC THERAPEUTICS INC | 1.50M | $113.9T | 5.6% | NEW |
| 4 | CELC | CELCUITY INC | 1.05M | $104.7T | 5.2% | NEW |
| 5 | MIRM | MIRUM PHARMACEUTICALS INC | 1.24M | $97.6T | 4.8% | NEW |
| 6 | TARS | TARSUS PHARMACEUTICALS INC | 1.19M | $97.3T | 4.8% | NEW |
| 7 | KNSA | KINIKSA PHARMACEUTICALS INTL | 2.26M | $93.2T | 4.6% | NEW |
| 8 | IMCR | IMMUNOCORE HLDGS PLC | 2.63M | $91.2T | 4.5% | NEW |
| 9 | CMPX | COMPASS THERAPEUTICS INC | 16.79M | $90.2T | 4.5% | NEW |
| 10 | KALV | KALVISTA PHARMACEUTICALS INC | 4.57M | $73.9T | 3.6% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE TANG SIGNAL
AC read
TANG CAPITAL MANAGEMENT LLC is classified as a Other fund.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed